The G7 meeting, which takes place in Rome this weekend, closely monitors the traders in the Forex market, looking for new investment opportunities in the Forex market in a changing market. Many brokers Forex bet that at the G7 conference will consider the fact that many Japanese believe enay excessive force.
The markets react to US stimulus plans
The US dollar was shot on the & # 39; the US government about the plan a reality subsidizing mortgages for homeowners and prevent default on the part of the house is economically distressed owners. Stock and commodity markets reacted positively to the news of the lifting shares on Wall Street, and creating opportunities for forex brokers and investors. This weekend, the forex brokers and investors will transfer their attention to the ongoing conference the G7, which undoubtedly adab & # 39; etsya in the currency markets and forex investment opportunities.
Japan reacts to excessive currency movements
Japanese Finance Minister Nakagawa Shaichy said that the Japanese government will act against excessive currency moves, but said that the allocation of the yen during the G7 conference will not work because of the spread of the global economic crisis. Omer Esiner with Ruesch International, said: "People are selling the yen because I think investors are in the event that G7 currency will remember as being too strong yen is weak.".
Investors are looking for high-yield currencies
UK Chancellor Alistair Darling said the cashier, that any discussion of currency on the G7 conference will be "broadly". The yen has fallen by 1.4% in 2009, but in 2008 it reached 23% due to the safe haven status of the yen. After a short return on Friday to take risks on the condition of many investment opportunities in the currency market, providing higher yield currencies and emerging currencies such as the Brazilian real.
Lloyds Banking Group has announced a loss of 8.5 billion pounds
The pound fell after the fall of banks' shares in the UK and after Lloyds Banking Group has found large losses related to the division of Lloyds HBOS. HBOS lost about 8.5 billion pounds, resulting in rapidly Lloyds shares tendered, putting pressure on the pound and any forex options.
US markets are closed on Monday
Many analysts believe that currency markets will find their attention to equity markets. Last week, the stock market took off from the news that the US government continues its plan to subsidize mortgage loans, which, in turn, benefit the forex market and has given many opportunities in the Forex investments. It is expected that on Monday the auction will be easy, the US markets are closed until the day of the president.